Solidarity Wealth LLC Has $22.42 Million Stake in Natural Resource Partners LP $NRP

Key Points

• Solidarity Wealth LLC$22.42 million, representing 1.66% of NRP and roughly 4.6% of Solidarity's portfolio (its 8th largest holding).
• Analyst coverage is mixed but leans positive: Weiss Ratings reiterated a Buy while Wall Street Zen cut NRP to a Hold, and MarketBeat's consensus rating remains Buy; institutional ownership stands at 31.77%.
• NRP's fundamentals show a market cap of $1.54 billion, a P/E of 11.56, Q4 EPS of $2.27 and a strong net margin (65.16%), and the company recently paid a special dividend of $0.12 (DPR ~29.9%).

Solidarity Wealth LLC increased its stake in shares of Natural Resource Partners LP (NYSE:NRP - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,776 shares of the energy company's stock after acquiring an additional 17,731 shares during the quarter. Natural Resource Partners comprises about 4.6% of Solidarity Wealth LLC's portfolio, making the stock its 8th largest holding. Solidarity Wealth LLC owned approximately 1.66% of Natural Resource Partners worth $22,423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. boosted its stake in Natural Resource Partners by 15.5% during the third quarter. Meixler Investment Management Ltd. now owns 77,967 shares of the energy company's stock valued at $8,187,000 after buying an additional 10,465 shares during the last quarter. ING Groep NV boosted its stake in Natural Resource Partners by 33.4% during the third quarter. ING Groep NV now owns 162,400 shares of the energy company's stock valued at $17,052,000 after buying an additional 40,700 shares during the last quarter. Mountain Lake Investment Management LLC boosted its stake in Natural Resource Partners by 21.5% during the third quarter. Mountain Lake Investment Management LLC now owns 45,622 shares of the energy company's stock valued at $4,790,000 after buying an additional 8,072 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Natural Resource Partners by 72.7% during the third quarter. BNP Paribas Financial Markets now owns 4,922 shares of the energy company's stock valued at $517,000 after buying an additional 2,072 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Natural Resource Partners during the third quarter valued at approximately $334,000. 31.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

NRP has been the subject of several research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Natural Resource Partners in a research report on Tuesday. Wall Street Zen lowered shares of Natural Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Natural Resource Partners presently has a consensus rating of "Buy".

Natural Resource Partners Price Performance

NYSE:NRP opened at $116.06 on Friday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.56 and a beta of 0.26. Natural Resource Partners LP has a 1 year low of $91.79 and a 1 year high of $128.60. The business has a 50 day simple moving average of $120.71 and a 200-day simple moving average of $112.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.85.

Natural Resource Partners (NYSE:NRP - Get Free Report) last released its earnings results on Friday, February 27th. The energy company reported $2.27 earnings per share (EPS) for the quarter. The firm had revenue of $48.40 million during the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%.

Natural Resource Partners Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners's dividend payout ratio (DPR) is 29.88%.

About Natural Resource Partners

Natural Resource Partners LP NYSE: NRP is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP's U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.